22 March 2024 | 0 replies
my next steps I'm planning are a duplex/quadplex build on land I'm buying from family with an existing single family home already on it.
24 March 2024 | 11 replies
if you're looking at 1-4 unit properties, don't kill yourself trying to create an LLC just yet. find your lender first then see if they'll require you to close in an LLC or not. single-member LLCs do not provide as much legal protection as we would like to think, so if that's your reasoning for wanting to create one right off the bat, that's just something to consider. as far as a business license, AFTER you close on the property, call the town hall and ask if they want you to have one there bc you're collecting rent there. if you're using a PM company, they will probably say no. :)
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22 March 2024 | 21 replies
We are open to multi and single family investments.
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22 March 2024 | 12 replies
Hey Liad - Condos can pose some challenges mostly due to monthly association fees, limited control over the property, and potential for slower appreciation compared to single-family homes.
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22 March 2024 | 5 replies
It's essential to check with the administrator of your husband's 401(k) plan to confirm eligibility criteria.Plan Rules: Each 401(k) plan has its own rules and regulations governing loan eligibility, loan amounts, repayment terms, and other aspects of borrowing from the account.
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21 March 2024 | 12 replies
I would recommend buying new properties in single purpose LLCs - if you transfer them now you would trigger a transfer tax event unless you put them into a land trust.
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22 March 2024 | 15 replies
Quote from @Robert Rixer: Have you heard of the installment method of income tax accounting.?
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22 March 2024 | 1 reply
I'm currently living down here but all my financials (assets, bank accounts, income, tax filings, etc) are in the US.
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22 March 2024 | 19 replies
House hack again or do a live in flip (if you are single and/or have spouse or partner that can take it).
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22 March 2024 | 0 replies
Our current focus is working on 1-4 unit fix and flips, but eventually work towards being able to refinance properties and keep and cash flow them.My question is tailored on the the way I should structure our relationship for the legal and tax base purposes.Should I secure the deals under my business and pay my partner out of my business operating account?